M&A Deal Summary

Macquarie Infrastructure and Real Assets and SK Telecom Acquire ADT Korea

On May 9, 2018, infrastructure investor Macquarie Infrastructure and Real Assets and SK Telecom acquired safety/security company ADT Korea from The Carlyle Group for 3.0B KRW

Acquisition Highlights
  • This is Macquarie Infrastructure and Real Assets’ 1st and SK Telecom’s 1st transaction in the Safety/Security sector.
  • This is Macquarie Infrastructure and Real Assets’ 3rd and SK Telecom’s 3rd largest (disclosed) transaction.
  • This is Macquarie Infrastructure and Real Assets’ 1st and SK Telecom’s 5th transaction in South Korea.

M&A Deal Summary

Date 2018-05-09
Target ADT Korea
Sector Safety/Security
Buyer(s) Macquarie Infrastructure and Real Assets
SK Telecom
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 3.0B KRW

Target

ADT Korea

Seoul, South Korea
website
ADT Korea is a provider of advanced security solutions in Korea, serving more than 427,000 customers through a network of 69 branches nationwide. The business provides central monitoring services, with video surveillance and dispatch, access control and other customized security solutions as well as guarding services. The business is headquartered in Seoul, Korea, with approximately 7,500 employees.

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Buyer(S) 2

DESCRIPTION

Macquarie Infrastructure and Real Assets (MIRA) is a global investor in infrastructure, real estate, agriculture, and energy assets. MIRA's infrastructure practice looks to acquire businesses such as transportation, water and energy utilities, and waste management. MIRA's real estate practice looks to acquire and develop retail, commercial, residential and industrial properties. MIRA's agriculture team looks to operate and develop agriculture businesses and farmland. MIRA's energy team seeks opportunities in upstream energy and upstream energy-related assets and businesses in the US and Canada. Macquarie Infrastructure and Real Assets is headquartered in London with additional offices throughout the world.


DEAL STATS #
Overall 9 of 20
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (South Korea) 1 of 1
Year (2018) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 Elenia

Tampere, Finland

Elenia is an electricity distribution network in Finland. The Elenia Group includes the electricity network company Elenia Verkko Oyj and Elenia Oy, which specializes in energy services. Elenia was founded in 2012 and is based in Tampere, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Wheelabrator Technologies

Hampton, New Hampshire, United States

Wheelabrator Technologies Inc. is a provider in the safe and environmentally sound conversion of municipal solid waste - and other renewable waste fuels - into clean energy. Wheelabrator Technologies was founded in 1908 and is based in Hampton, New Hampshire.

Buy -
Buyer

SK Telecom

Seoul, South Korea

website


Category Company
Founded 1984
Sector Communications
Revenue 16,748.6B KRW (2021)
DESCRIPTION

SK Telecom is a provider of wireless telecommunications services in Korea. SK Telecom was founded in 1984 and is based in Seoul, South Korea.


DEAL STATS #
Overall 10 of 11
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (South Korea) 5 of 5
Year (2018) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-26 Shopkick

Redwood City, California, United States

Shopkick, Inc. is a mobile app that offers rewards for walking into stores. It was formed in 2009 and is based in Redwood City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Shopkick

Redwood City, California, United States

Shopkick, Inc. is a mobile app that offers rewards for walking into stores. It was formed in 2009 and is based in Redwood City, California.

Sell -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 348 of 443
Sector (Safety/Security) 4 of 4
Type (Add-on Acquisition) 151 of 184
Country (South Korea) 5 of 5
Year (2018) 9 of 15
Size (of disclosed) 129 of 130
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-28 Du Xiaoman Financial

Beijing, China

Du Xiaoman Financial is a Chinese consumer lending and wealth management platform. Leveraging the vast user data of its parent company, Du Xiaoman develops its proprietary analytics and offers customers with a wide range of financing and investment products targeted to their specific needs.

Buy $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-18 HGH Infrared Systems

Igny, France

HGH Infrared Systems develops and sells optoelectronic and infrared systems and software for surveillance applications, test & measurement and industrial thermography to blue-chip customers in different end-markets. In particular, HGH offers a range of high-end solutions for surveillance applications in the security, defense, oil & gas and energy industries with its “Spynel” line of panoramic detection systems and “Cyclope” software for wide area surveillance. Other solutions include equipment for electro-optical systems calibration & testing as well as thermal scanners and pyrometric cameras for remote temperature and combustion monitoring.

Buy -